Happy New Year and best wishes to you.

A line of credit is adjustable rate with interest only payments that will have a "draw" period usually of 3-5 years for investment properties (usually 10 years for primary home) then will amortize over the remaining term after the draw period.

We certainly did not net 1 million this year but we did okay and actually had our best year.

And, analyzing ROI, CoC, and rent vacancy rates, etc are all manual. 

Here's the breakdown:Financing: We used a seller carry deal with 25% down ($100k), a 30-year term (balloon in 10 years), and a 4.68% interest rate.

It's no different than their 2-year, low interest rate teaser houses.

Due to current interest rates, many CAP rates are much lower than they should be and usually there is only so much price discount a non-delinquent seller will be able or willing to offer.

Wondering what the best entry point would be.

You will find rates all over the place just like with all insurance.

Austin is one of the best places in the country for MTR's.We have been crushing it with MTR's.